The conversion formula between Japanese yen and RMB is Japanese yen = RMB * exchange rate. Exchange rates are divided into direct quotations and indirect pricing methods. The direct quotation method, also known as the price payable method, is to calculate how many units should be paid in the local currency based on a certain unit of foreign currency (1, 100, 10000,10000). It is equivalent to calculating how much local currency should be paid for purchasing a certain unit of foreign currency, so it is called the payable price method.
RMB exchange rate
On the basis of the principle of independence and unification, the State Administration of Foreign Exchange shall formulate and adjust the external value of RMB with reference to the price comparison level at home and abroad and the exchange rate fluctuation in the international financial market, and publish it at home and abroad on a daily basis. As the exchange rate of all foreign exchange receipts and payments, it is the official exchange rate and there is no market exchange rate. Its pricing method adopts the international direct quotation, that is, it is priced in fixed units (such as 100, 10000).
Baidu encyclopedia-RMB exchange rate